KE (NYSE:BEKE) Cut to “Neutral” at UBS Group

UBS Group cut shares of KE (NYSE:BEKE) from a buy rating to a neutral rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have $24.50 price target on the stock, up from their previous price target of $22.70.

BEKE has been the subject of a number of other reports. Barclays lifted their price target on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Morgan Stanley boosted their target price on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.26.

KE Price Performance

Shares of NYSE BEKE opened at $20.63 on Thursday. The company has a market cap of $24.92 billion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. KE has a 12 month low of $12.49 and a 12 month high of $26.05. The company has a 50-day simple moving average of $19.98 and a 200-day simple moving average of $19.49.

KE Increases Dividend

The firm also recently declared a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.36 per share. This represents a yield of 1.4%. This is a boost from KE’s previous — dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 9th. KE’s payout ratio is 75.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of KE during the third quarter worth $530,000. Jennison Associates LLC lifted its position in shares of KE by 1.5% during the third quarter. Jennison Associates LLC now owns 1,604,248 shares of the company’s stock worth $31,941,000 after purchasing an additional 24,166 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of KE during the third quarter worth $14,019,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of KE during the third quarter worth $2,328,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of KE by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 994,515 shares of the company’s stock worth $19,801,000 after purchasing an additional 103,720 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.